AutoZone Inc. (NYSE:AZO) – Investment analysts at Jefferies Group upped their Q1 2017 earnings per share (EPS) estimates for AutoZone in a report issued on Thursday. Jefferies Group analyst B. Jordan now anticipates that the brokerage will earn $9.36 per share for the quarter, up from their prior forecast of $9.18. Jefferies Group also issued estimates for AutoZone’s Q2 2017 earnings at $8.18 EPS, Q3 2017 earnings at $11.87 EPS, Q4 2017 earnings at $15.81 EPS, FY2017 earnings at $45.12 EPS, Q1 2018 earnings at $10.19 EPS, Q2 2018 earnings at $8.85 EPS, Q3 2018 earnings at $12.78 EPS, Q4 2018 earnings at $17.18 EPS and FY2018 earnings at $49.01 EPS.
AutoZone (NYSE:AZO) last released its quarterly earnings data on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, topping the consensus estimate of $14.25 by $0.05. The business earned $3.40 billion during the quarter. AutoZone had a negative return on equity of 68.63% and a net margin of 11.55%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $12.75 earnings per share.
Other analysts have also recently issued research reports about the stock. Credit Suisse Group AG set a $870.00 target price on shares of AutoZone and gave the company a “buy” rating in a research report on Saturday, September 17th. Morgan Stanley upgraded shares of AutoZone from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $820.00 to $840.00 in a research report on Tuesday. Barclays PLC reiterated an “overweight” rating and set a $870.00 target price on shares of AutoZone in a research report on Sunday. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st. Finally, Robert W. Baird reiterated a “neutral” rating and set a $850.00 target price on shares of AutoZone in a research report on Sunday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. AutoZone currently has a consensus rating of “Buy” and a consensus target price of $858.24.
AutoZone (NYSE:AZO) traded up 1.81% during midday trading on Monday, hitting $772.65. The stock had a trading volume of 109,164 shares. The company has a market cap of $22.50 billion, a P/E ratio of 18.98 and a beta of 0.42. The stock’s 50-day moving average is $761.94 and its 200-day moving average is $776.57. AutoZone has a one year low of $681.01 and a one year high of $819.54.
Several large investors have recently modified their holdings of AZO. Capstone Asset Management Co. boosted its stake in shares of AutoZone by 1.4% in the first quarter. Capstone Asset Management Co. now owns 3,182 shares of the company’s stock worth $2,535,000 after buying an additional 45 shares during the last quarter. Boston Advisors LLC boosted its stake in shares of AutoZone by 6.6% in the first quarter. Boston Advisors LLC now owns 730 shares of the company’s stock worth $582,000 after buying an additional 45 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in shares of AutoZone by 54.2% in the first quarter. Commonwealth Equity Services Inc now owns 765 shares of the company’s stock worth $609,000 after buying an additional 269 shares during the last quarter. Nisa Investment Advisors L.L.C. boosted its stake in shares of AutoZone by 0.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 7,527 shares of the company’s stock worth $5,997,000 after buying an additional 30 shares during the last quarter. Finally, Carderock Capital Management Inc. boosted its stake in shares of AutoZone by 1.0% in the first quarter. Carderock Capital Management Inc. now owns 3,092 shares of the company’s stock worth $2,464,000 after buying an additional 32 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors.
In other news, Director William Andrew Mckenna sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $800.25, for a total value of $2,400,750.00. Following the sale, the director now directly owns 7,597 shares of the company’s stock, valued at approximately $6,079,499.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas B. Newbern sold 16,870 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $799.82, for a total transaction of $13,492,963.40. Following the completion of the sale, the insider now directly owns 15,977 shares in the company, valued at $12,778,724.14. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).
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